Post Utme Lead City University 2022 Accounting Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 32 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company's asset valuation schedule shows the following balances: | Asset | Cost | Accumulated Depreciation | Net Book Value | | --- | --- | --- | --- | | Machinery | 10,000 | 5,000 | 5,000 | | Furniture | 8,000 | 3,000 | 5,000 | | Vehicles | 6,000 | 2,000 | 4,000 | What is the correct balance of the net book value account?

Answer Options

A. ₦14,000
B. ₦12,000
Correct Answer C. ₦10,000
D. ₦8,000
Correct Answer
C
Correct Option:
₦10,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 32. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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